This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of strictly dominated actionsand stable heterogeneity in choices. These properties can also be accurate...

This paper studies the effects of increasing the number of sellers on Quantal Response Equilibrium (QRE) prices in homogeneous product Bertrand oligopoly markets. We show that the two most commonly used choice functions (power and logistic) lead to qualitatively different comparative-static predictions with respect to the relationship between number of firms and prices. JEL Numbers: C73, D83, L13

A system's efficiency is always determined by the performance like how the system responses to an input and what/ when /where the expected output is obtained, As performance and functionality are the most important features in a web application. Due to lack of multi-directional analysis, most of the software's are not exceeding the bench mark of perfection both in case of performance ...

This paper presents an experiment that evaluates the effect of financial incentives and complexity in political science voting experiments. To evaluate the effect of complexity we adopt a level-k reasoning model concept. This model by Nagel [1] postulates that players might be of different types, each corresponding to the level of reasoning in which they engage. Furthermore, to postulate the ef...

This paper investigates the implications of normaland extensive-form quantal response equilibrium (QRE) models (McKelvey and Palfrey, 1995, Games and Economic Behavior; 1998, Experimental Economics) in the ultimatum bargaining game, assuming that players maximize expected monetary payo ̄ s. It is shown that normal-form QRE can select a non-sequential equilibrium, and that the selection depends c...

The notable increase in petroleum demand, together with a decline discovery rates, has highlighted the desire for efficient production of existing oil wells worldwide. Mainly, productivity large fields makes us consider principles managing reservoirs to make most extraction. At same time, many different uncertainties course developing field, including geological, operational, and economic uncer...

OBJECTIVES It is known that a great extent of radiation is emitted from the medical instruments used in hospitals and that radiation exposure can cause thyroid cancer. However, the correlation between occupational radiation exposure in hospitals and thyroid disease is not extensively recognized. METHODS The subjects of the study were female nurses, who worked at a single hospital and female, ...

the transport of dissolved contaminants in groundwater is usually described by the advectiondispersion equation with reaction. several numerical methods for solving the one-dimensional are availableincluding finite difference methods, finite volume methods, and finite element methods. stringent conditions,such as small peclet (pe) and courant (cr) numbers, must be satisfied to ensure the accura...

A pattern-based approach to the presentation, codi cation and reuse of property speci cations for nite-state veri cation was proposed by Dwyer and his colleagues in [4,3]. The patterns enable nonexperts to read and write formal speci cations for realistic systems and facilitate easy conversion of speci cations between formalisms, such as LTL, CTL, QRE. In this paper we extend the pattern system...